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20121219
20121219
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that perhaps we may see some kind of stimulus in japan and china. there are still doubts when it comes to copper tp sue? >> all right, ber that, thank you very much. to the trading action on the floor of the nyse, with the dow down just about 11 points. >> there is a lot of topic on it yesterday. i think it is continuing today. let me show you the dow here in a narrow trading range. we wait to see what kind of deal. i think the street believes a deal is coming. take a look at dow jones industrial average. narrow as i gets. the big movers, industrial stocks, home building stocks, all of them are basically flat on the day. there's your dow industrials. these have big the big ones reisn'tly and home boo rerecently and the home builders on the flat side. money going into the stock market and i've seen money coming in through mutual funds too recently. stock mutual funds, money going into europe. money going into the euro and money coming out of gold and bond, sue. this is a very interesting development. it is not so relevant. gold is on the down side. >> it is worth noting. >> there is som
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
into this year. yeah, you know what i'm talking about, china. how about that economy over there? after pausing because the government was busy whipping inflation, now, thank you, late gerald ford, now it's coming on strong. i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the easiest story, everybody wrote it. turned out two fabulous places to invest. how about this housing market? most common worry, the dreaded shadow inventory. oh, the shadow inventory. >> the house of pain. >> so many banks and so many homes said the books could never recover. wasn't that the narrative? now, where are we? the shadow inventory turned out. the banks that were thought to be a t
. china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and
rally? >> yacht, you do. the market are trying to build in higher interest rates, growth in china, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a rally tomorrow but i will stick with my gun, don't think you'll miss the move if you don't get in here at the dollars going forward. i am a buyer at 85, a seller at 90. liz: more than $0.50 away. when we started we were $0.03 away. >> it is a lot easier than it looks, good luck selling $90. liz: $89.51 at the moment. thanks to everybody on the floor show. we'll watch the market so carefully but when you pick apart individual stories the one that has captured the attention of this nation today in a very big way is the facebook instagram story. dollar signs dancing is now turn
and china will be great destinations and that is where populations are. tracy: what about us at home? we see more money coming to us? >> we have. the u.s. is projected based on capitol confidence arometer ernst and young twice a year, the second most popular destination point for inbound foreign capital. it is happening because we are a more stable economy and have population growth, currency is cheaper and the overall strength of our sovereign sort of picture gives investors more confidence. tracy: we don't want to take a shot, the only way to grow a companies to build something buy something. we are not doing that. >> organic growth is tougher today. you do see u.s. corporate and investors investing in the emerging market so there's a lot of interest in china and india and brazil. focus on the trends, where there will be the best economics. tracy: i wish i had better news. and stan young america's vice chair, thank you. ashley: liz claman will take us through the last hour of trading. she has the ceo of cantor fitzgerald and neo city's largest pension fund, new yorkers to bail on gunstock
Search Results 0 to 5 of about 6

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